General Electric executives recently said that although their LED lighting products currently have a market share of less than 10%, they are confident that they will increase this number to 75% in the next decade.
Mic hael Petras, head of General Electric's lighting division, said that as prices fall, demand for LED bulbs will rise, and competition among suppliers will help reduce the cost price of chips.
Michael Petras said: "The price war between suppliers has been going on. They always hope that we can be patient and sell more chips to us at a lower price. The price of chips will drop a lot every year."
According to US regulations, 100W incandescent lamps will be discontinued in 2012, which makes consumers have to look for other types of bulbs, including halogen lamps. In addition, low-power incandescent lamps will also exit the lighting market in the future.
Michael Petras also revealed that the introduction of the new energy law will accelerate the transformation of the lighting market in the next few years, and the changes will be more than the changes that have taken place in the past 50 years. The bad news is that only 25% of people in the US know about the introduction of the new bill.
Stainless Steel Bar,Stainless Steel Bar Stock,Stainless Steel Angle Bar,Stainless Flat Bar
ShenZhen Haofa Metal Precision Parts Technology Co., Ltd. , http://www.haofametals.com